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Monkeypox Testing Market by Technology (Polymerase chain reaction (PCR), Lateral flow assay (LFA), Other technologies), by Mode (Laboratory testing, Point of care testing), by End-use (Hospitals and clinics, Diagnostic laboratories, Other end-users), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe), by Asia Pacific (Japan, China, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East and Africa (Saudi Arabia, South Africa, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Monkeypox Testing Market was valued at USD 1.7 Billion in 2024 and is projected to reach USD 2.31 Billion by 2033, with an expected CAGR of 4.5% during the forecast period. The Monkeypox Testing Market concentrates on creating and implementing diagnostic instruments for identifying monkeypox, a viral illness caused by the monkeypox virus. The market features different testing techniques, including PCR (Polymerase Chain Reaction) tests, rapid antigen tests, and serological assays, aimed at identifying the virus in people. The rising worldwide occurrences of monkeypox have heightened the need for swift, precise, and accessible diagnostic solutions to manage the disease's spread. Furthermore, improvements in testing technologies, combined with heightened awareness and governmental efforts for disease monitoring and management, are driving the expansion of this market. Healthcare professionals and public health organizations depend on these tests for timely identification, patient care, and efficient response measures. Due to the increasing focus on pandemic readiness and enhanced global disease monitoring systems, the Monkeypox Testing Market is anticipated to see substantial expansion. Given the ongoing threat of zoonotic diseases, advancements in diagnostic tools will be essential for managing public health.
The market exhibits concentration across specific geographic regions, with North America and Europe accounting for a significant share. Technological advancements, such as the development of rapid and accurate diagnostic tests, play a crucial role in the market's dynamics.
The Monkeypox Testing Market has experienced a surge in demand due to the rising incidence of the virus. Key players in the market, such as Abbott Laboratories, Quest Diagnostics, and BD, have expanded their product offerings to cater to the increasing demand.
September 2022: Quest Diagnostics received emergency use authorization (EUA) from the FDA for its lab-developed molecular diagnostic test for Monkeypox.
June 2022: CerTest Biotec collaborated with BD to develop a molecular diagnostic test for Monkeypox, expanding their product offerings in this area.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4.5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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